Independent Bank Corp
IBCP
128 hedge funds and large institutions have $393M invested in Independent Bank Corp in 2018 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 52 increasing their positions, 42 reducing their positions, and 10 closing their positions.
40% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 10
24% more repeat investments, than reductions
Existing positions increased: 52 | Existing positions reduced: 42
2% more funds holding
Funds holding: 126 → 128 (+2)
1% more capital invested
Capital invested by funds: $388M → $393M (+$5.14M)
0.77% less ownership
Funds ownership: 81.33% → 80.56% (-0.77%)
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LSV Asset Management
Chicago,
Illinois
|
+$4.95M |
| 2 |
BCM
Basswood Capital Management
New York
|
+$4.75M |
| 3 |
AQR Capital Management
Greenwich,
Connecticut
|
+$1.76M |
| 4 |
American Century Companies
Kansas City,
Missouri
|
+$1.49M |
| 5 |
BlackRock
New York
|
+$1.42M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$4.83M |
| 2 |
Millennium Management
New York
|
-$4.62M |
| 3 |
Morgan Stanley
New York
|
-$4.57M |
| 4 |
CEP
Chicago Equity Partners
Chicago,
Illinois
|
-$1.77M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
-$1.39M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WDL
126
Well Done LLC
Holland,
Michigan
| $2K | +$2.33K | +100 | New |
|
|
FMA
127
FNY Managed Accounts
New York
| $1K | -$653 | -28 | -25% |
|
|
PA
128
Parallel Advisors
San Francisco,
California
| $1K | +$23 | +1 | +2% |
|
|
CEP
129
Chicago Equity Partners
Chicago,
Illinois
| – | -$1.77M | -79,255 | Closed |
|
|
OAM
130
Oxford Asset Management
Oxford,
United Kingdom
| – | -$438K | -19,412 | Closed |
|
|
FQ
131
First Quadrant
Glendale,
California
| – | -$379K | -16,970 | Closed |
|
132
Tudor Investment Corp
Stamford,
Connecticut
| – | -$277K | -12,407 | Closed |
|
|
CCA
133
Catalyst Capital Advisors
Huntington,
New York
| – | -$224K | -10,000 | Closed |
|
134
Parallax Volatility Advisers
San Francisco,
California
| – | -$69K | -3,108 | Closed |
|
|
DCM
135
Delpha Capital Management
New York
| – | -$15K | -677 | Closed |
|
|
STA
136
Summit Trail Advisors
New York
| – | -$5K | -212 | Closed |
|
|
MA
137
MUFG Americas
New York
| – | -$3K | -130 | Closed |
|
|
UOTTAIMCU
138
University of Texas/Texas AM Investment Management Co (UTIMCO)
Austin,
Texas
| – | -$1K | -50 | Closed |
|
IBCP Hedge Fund Activity: Q1 2018 in Review
128 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Independent Bank Corp (IBCP) for Q1 2018, worth a combined $393M — up 1.3% from $388M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new IBCP positions and 10 closed out — a net gain of 4 holders — while 52 added to existing stakes and 42 trimmed.
The largest buyer was LSV Asset Management, adding an estimated $4.95M. The largest seller was Manulife (Manufacturers Life Insurance), cutting an estimated $4.83M.
- 128 institutional investors held Independent Bank Corp (IBCP) as of Q1 2018, up from 126 in Q4 2017.
- Funds reported $393M of Independent Bank Corp stock for Q1 2018, up 1.3% quarter-over-quarter.
- 14 funds opened new Independent Bank Corp positions in Q1 2018 and 10 closed out, a net change of +4 holders.
- The largest Independent Bank Corp buyer in Q1 2018 was LSV Asset Management, an estimated $4.95M added.
- The largest Independent Bank Corp seller in Q1 2018 was Manulife (Manufacturers Life Insurance), an estimated $4.83M sold.
Based on aggregated 13F filings for Q1 2018.